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Stock in
"Street Name" Account with a Broker
The Donor has two options:
Authorization Form #1
- Wire transfer
the stock to the Evangelical Lutheran Church in America account at Mesirow Financial.
The donor informs their broker in writing that
they wish to wire transfer stock to the Evangelical Lutheran Church in America account at
Mesirow Financial by completing Authorization
Form #1. Donor's broker may require the signature(s) be guaranteed. The
donor should send a copy of Authorization Form #1 to the ELCA Foundation along with the
application/instructions regarding the disbursement of the funds.
OR
Authorization Form #2
- Process through
donor's broker by transferring to the Evangelical Lutheran Church in America account.
If the donor decides to utilize their
broker, please contact the ELCA Foundation, phone 1-773-380-2976, we will check the status
of our account and provide you with an account number.
The donor informs their broker in writing that
they wish to transfer stock to the Evangelical Lutheran Church in America account by
completing Authorization Form #2.
Donor's broker may require the signature(s) be guaranteed. The donor should
send a copy of Authorization Form #2 to the ELCA Foundation along with the application or
instructions regarding the disbursement of the funds.
Stock
Certificate is in Donor's Possession
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Send the
certificate(s) in one mailing to the ELCA Foundation
in Chicago. Send via traceable overnight mail, by carriers such as Federal Express,
UPS, etc. or registered US Mail. Do Not write on the certificate; do
Not fill in the blanks; do Not sign the certificates. Send
the certificates just as they are.
-
For each company send a
stock power (Form #3) signed the same
way as name(s) appears on the certificate and signature
guaranteed. Be aware of names appearing different on
the certificate from the donor's regular signature. (For example, full name, first name
and middle initial, or just initials, or as trustee of a living trust.) Sign
the stock power the EXACT same way as on the certificate. Do Not fill in
blanks or anything else on the stock power. If one of the individuals whose name
appears on the certificate has died, the living person should sign only their name and
send a certified copy of the death certificate, as well as a notarized
affidavit of domicile. Both documents must then be included with the stock power.
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Complete the enclosed
Gift Letter (Form #4) addressed to
Mesirow Financial. The number of shares and the name of the companies for all
the certificates being gifted should be listed in the letter. The gift letter should
be signed with the donor's usual signature and signature
guaranteed. If certificates are held jointly, both
owners need to sign the gift letter. Mail the gift letter to the ELCA Foundation
along with the signed stock power(s).
Note: If we need to reissue any shares back to
you in certificate form there will be a $20.00 fee charged. If
you have a brokerage account we can credit the remaining shares via
DTC (electronically) and there would not be a fee.
Never send stock certificates
and stock powers in the same envelope!!!
Stock held in
Dividend Reinvestment Program in Donor's Name
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Investors usually receive quarterly statements with an
attachment to request shares in certificate form. Please request stock certificate
in donor's name.
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Once the stock certificate is received, follow the above
instructions for gifting stock in certificate form.
If stock is in the
name of a congregation/institution please contact the ELCA Foundation, phone
1-773-380-2976, for special instructions.
If stock certificate
is in the name of the ELCA the donor will need to complete Gift Letter Form #4.
Gifts of Mutual
Funds
The donor should find out from their mutual
fund company the best way to gift mutual funds and obtain the proper paperwork. The
ELCA Foundation, phone 1-773-380-2976, has a list of mutual funds for which the ELCA
already has an account.
The examples
and information on this page are for illustrative and educational
purposes only and should not be considered tax or legal advice. Please
consult with your tax or legal advisor before proceeding with
your
estate plan.
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